28-Unit Multifamily Property in Fort Lauderdale

1350 NE 5th Ter 1-28, Fort Lauderdale, FL 33304

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For Sale

$6,500,000

28-unit property with upside potential in a prime location.

Type:Commercial

HighLights

Exceptional cash‑flow opportunity with a nearly 8% cap rate at full occupancy.
Prime location minutes from Wilton Drive, Downtown, Las Olas, the beach, and FLL Airport.
Desirable unit mix of all 2BD/1BA apartments, half of which are fully renovated.
Brand‑new impact windows and doors, plus completed 40‑year recertification.
Located in Fort Lauderdale’s highly sought‑after Middle River Terrace.
Substantial upside potential with current vacancies and strong rental corridor.

We can help!

Listing Contact

Elior Levi

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For Sale

$6,500,000

28-unit property with upside potential in a prime location.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 3:17 pm

Property Features for 1350 NE 5th Ter 1-28

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1972

We can help!

Listing Contact

Elior Levi

Listing agent Elior Levi License #3574869

Listing office Fausto Commercial Realty Consultants Inc

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Fausto Commercial Realty Consultants Inc

HighLights

Exceptional cash‑flow opportunity with a nearly 8% cap rate at full occupancy.
Prime location minutes from Wilton Drive, Downtown, Las Olas, the beach, and FLL Airport.
Desirable unit mix of all 2BD/1BA apartments, half of which are fully renovated.
Brand‑new impact windows and doors, plus completed 40‑year recertification.
Located in Fort Lauderdale’s highly sought‑after Middle River Terrace.
Substantial upside potential with current vacancies and strong rental corridor.

Overview

This 28-unit multifamily property is located in Fort Lauderdale's Middle River Terrace. The property features an all 2BD/1BA unit mix, with half of the units fully renovated. Recent renovations have resulted in approximately 10 current vacancies. The property has brand-new impact windows and doors, and a completed 40-year recertification. The location provides convenient access to Wilton Drive, Downtown, Las Olas, the beach, and FLL Airport. The property offers parking and potential for income growth and long-term appreciation. At full occupancy, the asset delivers nearly an 8% cap rate. The property's location has a walk score of 81, indicating it is very walkable, a bike score of 63, indicating it is bikeable, and a transit score of 38, indicating some transit options are available.

Location Intelligence

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Apartment buildings

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Local Demand

City: Fort Lauderdale
County: Broward
State: Florida
Longitude: -80.1382537
Latitude: 26.1439456

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For sale
Apartment buildings
FL
Fort Lauderdale
33304
1350 NE 5th Ter 1-28

What type of property is this?

Apartment building - 28-unit property with upside potential in a prime location.

Where is this apartment building located?

The property is located at 1350 NE 5th Ter 1-28 Fort Lauderdale, FL.

What is the asking price?

The asking price for this property is $6,500,000.

What are key features of this property?

This property features: Exceptional cash‑flow opportunity with a nearly 8% cap rate at full occupancy.; Prime location minutes from Wilton Drive, Downtown, Las Olas, the beach, and FLL Airport.; Desirable unit mix of all 2BD/1BA apartments, half of which are fully renovated.